$TAO Price Remains Stable Despite AEON Payment System Integration
The integration of $TAO into AEON's payment system has not yet had an immediate bullish effect on the token. Despite being added to support AI-native payments, autonomous commerce, and real-world spending, the price remains within a key support zone.
A closer look at the charts reveals that the 78.6% Fibonacci retracement level is crucial for both bulls and bears. The altcoin was trading within a higher timeframe range, leaving room for recovery from the $160 area.
However, volume indicators show mixed signals. Low trading volumes, similar to those seen in June or April, indicate that buying pressure may not be strong enough to drive prices up. The CMF is climbing, but without above-average volume, this trend alone does not indicate a significant increase in demand for $TAO.
The presence of heavy clusters of high-leverage short liquidations just above $200 indicates that traders should exercise caution when considering a rally. Any price bounce from $194 towards $330 and $370 may be an inorganic, liquidity-driven event rather than a genuine trend reversal.